(CercleFinance.com) – ENOGIA and ADEME Investissement announce that they have reached an agreement to create a joint venture, ENOGIA Assets Industry, aimed at deploying ENOGIA ORCs. It will be 55% owned by ENOGIA and 45% by ADEME Investissement.
The two partners thus intend to deploy ENOGIA’s ORC modules by saving use in the geothermal, biomass and industry segments and in a scope covering nearly 40 countries.
The total potential investment amount of ENOGIA Assets Industry is set at a maximum of 15 ME over 5 years. ENOGIA and ADEME Investissement undertake to finance ENOGIA Assets Industry to the extent of their reciprocal participation in its capital, and progressively in its commercial development.
This agreement aims to accelerate the deployment of ENOGIA’s ORC technology, which combines clean energy production, energy efficiency and waste heat recovery (‘waste’), in a context of rising energy prices.